Malaysia lifts live chicken export restrictions in July, broiler and egg prices float freely

Published 2023년 6월 8일

Tridge summary

The Malaysian government has decided to discontinue subsidies for local broiler chickens and eggs, effective from the end of June, which will result in free-floating prices from July 1. The government also intends to remove all export restrictions on live broiler chickens in the same timeframe. The Ministry of Agriculture and Food Security will monitor the market and potentially reinstate ceiling prices during festive seasons. To ensure a stable supply, the government will implement measures such as lifting export restrictions on certain chicken products, except for chicks, to allow Malaysian operators to increase their income through the export market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Malaysian government has decided to stop subsidizing local broiler chickens and eggs at the end of June, and the prices of broiler chickens and eggs will float freely from July 1. At the same time, Malaysia will also fully cancel restrictions on the export of live broiler chickens. The Minister of Agriculture and Food Security of Malaysia, Mohamed Sabu, confirmed in a written answer to questions from members of Parliament on Wednesday (June 7th) that the subsidy for broiler chickens and eggs will end, the price of broiler chickens and eggs will float freely, and the export restrictions on live broiler chickens will be completely lifted He said that with the end of the subsidy measures, the Ministry of Domestic Trade and Cost of Living will resume assessing the prices of broiler chickens and eggs and decide whether to re-implement the ceiling price measures during the festive season. Mohamad Sabu said that in order to ensure a stable supply, the ...

Source: Zaobao